Question

From the following information ascertain 'total sales' and 'total purchases'.
Balances on:
1-4-2011
31-3-2012
Sundry Debtors
365,000
372,000
Bills Receivable
37,000
330,000
Sundry Creditors
348,000
350,000
Bills Payable
24,000
321,000
Transactions for the year 2011-12:
(i) Cash Sales
(ii) Cash received from Debtors
(üü) Discount allowed to customers
(iv) Returns inwards
(v) Returns outwards
(vi) Cash received against Bills Receivable
(vii) Cash paid against bills payable
(viii) Cash purchases
(ix) Cash paid to creditors
(x) Bad debts written off
} ₹
38.750
1,62,500
4,500
12,000
2,500
58.000
40,000
25.000
1.07,560
5.000​

Answer 1

Answer:

This seems to be a hard question